All categories

3 years ago

Does a business neceşsarily have obligations to anyone besides stockholders?

Business

1 answer:

Marina CMI [18]3 years ago

8 0

Answer:

of course. Business have obligations and duties towards many parties. we call these people "stake holders". in other words, they are either interested in the business and activities or are effected by the business activities.

for an example, the community and the environment the business operates in are stakeholders and the firm has responsibility to ensure an environmental friendly production and practices are carried out by the firm.

Government and tax authorities are another example. firm has to make sure that the required disclosures are made and proper taxes are paid timely.

Potential investors are another example, the company has to make sure that they disclose all the relevant and material information that may give signals about the companies future and its direction.

Explanation:

You might be interested in

Silver Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expense

ratelena [41]

Answer:

The correct answer is credit to cash by $320..

Explanation:

According to the scenario, Journal entry of the given data are as follows:

Journal entry

Delivery expense A/c Dr $66

Merchandise inventory A/c Dr $219

Misc. Expense A/c Dr $35

To Cash A/c $320 ( $66 + $219 + $35)

(Being reimbursement of the account is recorded )

Hence, reimbursement of the account includes credit to cash by $320.

6 0

4 years ago

True or false? virtually all surface water is polluted and needs to be treated before it can be safely consumed.

Vadim26 [7]

I think the answer is true

5 0

3 years ago

A concert promoter needs to make $68,400 from the sale of 1880 tickets. The promoter charges $30 for some tickets and $50 for th

Harman [31]

Answer:

1280 of the $30 tickets and 600 of the $50 tickets

Explanation:

If x represents the number of $30 tickets and y represents the number if %50 tickets then:

(a) the sum of the tickets sold is 1880 = x + y

(b) how much money is received from the sale of $30 tickets = 30x

(d) the total amount received from the sale is $68,400 = 30x + 50y = $68,400

(e) Solving the simultaneous equations, if 1880 = x + y, then x = 1880 - y. Substitute this in total amount received equation and solve for y i.e. 30(1880 - y) + 50y = $68,400

56,400 - 30y + 50y = $68,400

20y = 12,000

y = 600 tickets (we have to sell 600 of the $50 tickets)

Step 2. Substitute the y figure to get the x amount i.e. 30x + 50(600) = $68,400

30x + 30,000 = $68,400

30x = $38,400

x = 1280 tickets (we have to sell 1280 of the $30 tickets)

3 0

4 years ago

Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts rece

Vlad1618 [11]

Answer:

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

= Accounts receivable + Cash + Inventory + Short-term investments + Prepaid insurance

= $100,000 + $70,000 + $80,000 + $2,000

= $252,000

The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.

4 0

3 years ago

You have renter's insurance for your personal property in your apartment. 4 points Your coverage limit is $25,000. You have $8,0

docker41 [41]

Answer:

meat that you eat is good for you i think

Explanation:

5 0

3 years ago